X0306 4 2020-05-15 0000024741 CORNING INC /NY GLW 0001206158 WEEKS WENDELL P ONE RIVERFRONT PLAZA CORNING NY 14831 1 1 Chairman and CEO Restricted Stock Unit 2020-05-15 4 A 0 8705 0 A Common Stock 8705 8705 D Stock Options (Right to Buy) 19.65 2020-05-15 4 A 0 43525 0 A 2030-05-15 Common Stock 43525 43525 D Restricted Stock Unit Common Stock 69052 69052 D Restricted Stock Unit Common Stock 153061 153061 D Restricted Stock Unit Common Stock 80059 80059 D Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock. As part of a series of actions to preserve cash, the reporting person is receiving equity in lieu of 40% of his base salary for the period of June 1, 2020 through December 31, 2020. The equity is comprised of restricted stock units (50%) and stock options (50%). The restricted stock units will vest ratably over three years from grant date. Vested shares will be delivered to the reporting person within sixty (60) days after vesting. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates. As part of a series of actions to preserve cash, the reporting person is receiving equity in lieu of 40% of his base salary for the period of June 1, 2020 through December 31, 2020. The equity is comprised of restricted stock units (50%) and stock options (50%). The number of options granted was determined by dividing the cash compensation by the Black-Scholes value of a single option calculated as of the date of grant. The options will vest ratably over three years from grant date. The Restricted Stock Units vest 100% on April 15, 2022. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2022. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2022. The Restricted Stock Units vest 100% on April 14, 2023. Vested shares will be delivered to the reporting person within thirty (30) days after April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 14, 2023. The Restricted Stock Units vest 100% on April 15, 2021. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2021. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2021. Linda E. Jolly, Power of Attorney 2020-05-19